Boeing Co (NYSE:BA) CFO Gregory D. Smith sold 36,079 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Boeing Co (NYSE:BA) traded up $10.89 on Monday, reaching $343.80. 6,890,000 shares of the company’s stock were exchanged, compared to its average volume of 6,280,000. The stock has a market cap of $204,760.00, a price-to-earnings ratio of 25.54, a PEG ratio of 1.83 and a beta of 1.44. The company has a debt-to-equity ratio of 23.74, a quick ratio of 0.37 and a current ratio of 1.16. Boeing Co has a 1-year low of $164.47 and a 1-year high of $361.45.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $1.89. The business had revenue of $25.37 billion during the quarter, compared to analyst estimates of $24.78 billion. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.47 EPS. research analysts expect that Boeing Co will post 14.01 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be given a dividend of $1.71 per share. This is an increase from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.99%. Boeing’s payout ratio is presently 50.82%.
BA has been the subject of a number of recent analyst reports. Buckingham Research restated a “hold” rating and issued a $203.00 price objective on shares of Boeing in a report on Friday, December 22nd. Jefferies Group restated a “buy” rating and issued a $339.00 price objective on shares of Boeing in a report on Monday, January 8th. Credit Suisse Group restated an “outperform” rating and issued a $375.00 price objective (up from $310.00) on shares of Boeing in a report on Friday, January 12th. They noted that the move was a valuation call. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Goldman Sachs Group set a $293.00 price objective on shares of Boeing and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $353.24.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Boeing by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after acquiring an additional 407,511 shares during the period. BlackRock Inc. grew its position in shares of Boeing by 2.1% during the 4th quarter. BlackRock Inc. now owns 35,515,544 shares of the aircraft producer’s stock valued at $10,473,889,000 after acquiring an additional 713,832 shares during the period. Jennison Associates LLC grew its position in shares of Boeing by 20.3% during the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock valued at $1,747,218,000 after acquiring an additional 1,160,859 shares during the period. Janus Henderson Group PLC grew its position in shares of Boeing by 7,215.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after acquiring an additional 4,852,679 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Boeing by 13.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock valued at $870,618,000 after acquiring an additional 402,240 shares during the period. 70.45% of the stock is owned by hedge funds and other institutional investors.
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Boeing Company Profile
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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